NAGPUR: Yantra India Limited (YIL), the Nagpur-based defence PSU formed out of seven erstwhile ordnance factories, has revalued its assets leading to a hike in the authorized capital by Rs 2,000 crore.
As against Rs 13,500 crore when YIL was formed last year, an authorized capital of Rs 15,500 crore has been approved for the company in its first extraordinary general meeting. This is on the basis of increased valuation of the assets which is reflected in the form of higher capital.
